The newly minted Pay-by-Bank partnership between J.P. Morgan Payments and Mastercard is an ACH payment that uses open banking. This payment solution authorizes consumers to permit their financial data to be shared between trusted parties to pay bills directly from their bank accounts. Should you begin saying ‘goodbye’ to writing checks, paying with cash, and […]
More than ever before, people today have different forms of income. They might have a day job but do gig work at night and on weekends. They might have a different side hustle that started out as a hobby but now generates an income. Getting an accurate picture of an individual’s income requires sophisticated data […]
Credit Rating need reform: FCA I needed to think carefully to get my head around this one. Apparently the FCA think that the retail credit agencies in the UK have significant variances between the information they hold on borrowers. This would not be particularly important except that the major banks rely on the credit agencies […]
The following is a guest post by Galia Beer-Gabel, Partner, Team8. Over the past few years, a stream of new and innovative Buy Now, Pay Later (BNPL) solutions has piqued the interest of investors who recognize the inherent benefits of more flexible payment terms for buyers. However, the ripple effects of ongoing macro and geopolitical […]
In his first public comments since the FTX exchange declared bankruptcy, Sam Bankman-Fried claimed ignorance on many topics while answering questions via video call to the New York Times Dealbook Summit. Appearing over Zoom from the safety of the Bahamas, Bankman-Fried blamed Alameda Research and their general lack of controls. Despite his attorney’s best wishes […]
Small and Medium Enterprises (SMEs) play a critical role in the global economy. The World Bank has estimated 90% of businesses are classed as SMEs, representing more than 50% of employment worldwide. In emerging markets, formal SMEs contribute 40% to the national income and generate seven out of 10 jobs. The Bank has said SME […]
Brazilian fintech Koin announced a partnership with U.S. payments giant Mastercard to advance Buy Now, Pay Later in Latin America over the next five years. The partnership marks “an important step” towards accelerating the adoption of alternative payment methods in Latin America, the fintech said in a press release. The company said that a low […]
Mexican fintech Mendel announced a new $60-million round of equity and debt financing led by Industry Ventures, Infinity Ventures, and Victory Park Capital. The fintech provides companies with the necessary tools to create their financial management systems through an expenses control platform (SaaS), As the company revealed in a statement, Mendel plans to use the […]
Between the Public Service Loan Forgiveness (PSLF) deadline on Oct. 31 and the upcoming end of the student loan payment moratorium, borrowers are flocking to Candidly. Founder and CEO Laurel Taylor said the last few weeks of October saw a rush of employees trying to get documentation to be eligible to have their student loans […]
Even after a few difficult weeks for crypto, Stripe announced a decentralized crypto onramp for developers Thursday afternoon. Powered by Zero Hash, Stripe announced a solution with just ten lines of code through a blog and Twitter post. “We built our fiat-to-crypto onramp to remove this complexity. The onramp is a customizable widget that developers […]